MT will pay for illogical pension test, page-2

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twouptom

26,442 Posts.

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17/12/16

14:09

Post #: 21410081
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Originally posted by logco ↑

Th latest assets test to come into effect in 2017 for old age pension is illogical,unfair and will further undermine the superannuation system and reinforce the view that the goal posts keep changing.
One of my family members (single)will be worse off under the new system they have about $550000 in super and has now been cut out of the pension,if they had $200000 less in super the combined pension and super would be around $8000 a year better off.( a combienation of super and pension)
Instead of a phased in cut off this is a brutal and sends the message that don't put too much into super because you will loose benefits and it is the same for singles as it is for couples,this is just another example of flawed treasury modeling and Turnbull and Morrison trusting the boffins in treasury to get the modeling right with out even a cursory look that would have told them that this is unfair and a vote looser.
The government should stop the introduction of these measures before they start because when they come into effect the public will give them the thumbs down and they will be changed.
I have never seen such a vote looser as this because the treasurer and PM have not done their homework and Shorten has not said that he will reverse the changes,more votes will flow to Pauline Hanson and others.

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Logco
I cant see Pauline H riding high on a pension change.
That definitely is not why we voted for her.
In any case Logco ......$200k should give $20k a year.
On another point I thought the gov were after those
with huge mansions.....which they should be
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